Grand Central Mimico (GCM) is the first partnership between a developer (Vandyk) and Metrolinx resulting in a truly transit oriented community! The Buckingham, the first condominium in the GCM district will include 751 condo units beginning in the $400s.
Mimico, one of Toronto’s historically significant neighbourhoods was established over 150 years ago. In 2013, Toronto’s City Council adopted an official plan amendment to completely regenerate the neighbourhood. This regeneration area or “RA” designation is rare, and Mimico is one of the only 7 areas the City has redesignated as RA under this amendment. In other words, very, very exciting things to come soon!
The 4 intentions of a RA designation are:
- Accommodate significant employment
- Create massive residential growth
- Build new density around major transit infrastructure (Mimico GO)
- Provide enhanced green spaces for future residential growth (new 12-acre park at Grand Ave)
The Buckingham, the first condominium in the GCM district will include 751 condo units beginning in the $400s. The second and third phases will be mixed-use, primarily residential with 2500 additional units and a new Mimico GO station!
Residents of GCM will benefit from direct access to the Mimico GO. Only 2 stops to Union Station and only 1 stop to the future Ontario Relief Line, Downtown Toronto’s first subway line in 60 years!
Want more info? Interested in purchasing an investment to diversify your portfolio? We can help!
Contact us today: 416.566.7089 | [email protected]